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HODL

What does HODL means?

An acronym for “Hold on to Dear Life.” It actually first appeared as a misspelling of “HOLD” in a 2013 post on bitcointalk.org. The NFT community uses it to encourage people never to let go of their digital assets, regardless of the challenges they may face.

Example

  1. The floor price might be discouraging now, but “HODL.” The future looks bright.

Random Slangs

Multisig

A shorthand for “multi-signature.” It refers to a wallet address that requires multiple signatories (private keys) to transfer funds successfully. This further strengthens wallet security,

Bridge

A bridge is a protocol that provides a link that allows people to exchange tokens between blockchains. Blockchains don’t support each other by default. However,

Gas war

Gas war results from conflicting transactions on the blockchain, where the volume of NFTs available are lesser than the number of wallet addresses minting the

Minting

The NFT creation process. In the background, it’s the process of attaching a unique (non-fungible) token to a digital file. Invariably, the attached token tracks

DeFi

A short form of “decentralized finance.” DeFi defines technology that gives users control over their financial transactions. However, many DeFi systems operate on the blockchain

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